People are using fewer checks when they purchase goods and services. The Federal Reserve bank processed 269 million checks for payment in 2008, but that amount is dropping steadily, with only 63 million checks processed in 2014. More people are choosing to use debit cards or other noncash payments because of the convenience of these types of payments, and businesses are also converting paper checks to electronic payments. But when someone wants to pay you with a personal check, you need to be sure that the bank will honor the check when you cash it.

Contact the Bank

Take the Check to the Bank

Taking the check to the bank it is drawn on to present it for payment is the most direct way to verify funds. If the check was given to you for a purchase, have the writer of the check accompany you to the bank, and make sure that you either have cash or have exchanged the check for certified funds before you transfer the sold property.


If the bank charges a fee for you to cash the check where you are not a customer and the writer of the check is with you, have him cash a check and pay you with cash, or ask the bank to exchange the check for a certified or bank check.

Convert the Check to Electronic Payment

Businesses can opt for converting checks to electronic payments by using a processor that offers this service. These processors take the information from the check and use it to initiate an electronic transaction from the bank account referenced on the check. This speeds up the process of payment, but doesn't necessarily verify funds. As part of its benefits, a check processor may guarantee that the check will clear if the merchant follows the processor's policies.

Practical Advice for Accepting Checks

The Small Business Administration offers advice for businesses and individuals accepting checks:

  • Accept checks from local people and local banks.
  • Only accept checks for the amount of the purchase
  • Do not accept starter, unnumbered or other nonpersonalized checks
  • Require identification and make sure that the signature on the check matches the signature on the ID.
  • Make sure that the check is dated for the day it is written.  Do not accept a postdated check